Latest News
Latest News
The latest energy, maritime and bunker industry news worldwide.
Keeping You Informed
Tanker Market Mixed During August
The tanker market showed mixed performance during the month August. According to OPEC’s monthly report, dirty spot freight rates for very large crude carriers (VLCCs) showed mixed movements in August,
Tanker Weekly: Dirty Oil Shipments – Libya
This week’s special focus is on the growth of VLCC AG supply for the first two weeks of September, as depicted in the left chart. The data shows promising signs
Shipping lenders’ climate risk exposure
Lenders to shipping are increasingly considering climate performance when setting loan margins, a study has found. However, their focus remains on the corporate level rather than the asset level, potentially
Ultramaxes Edging Out Kamsarmaxes
In what appears to be a structural market swift, Ultramax dry bulk carriers appear to have an edge over their Kasmarmax counterparts. In its latest weekly report, shipbroker Intermodal said
INTERCARGO Proposals Call on IMO to Review Carbon Intensity Indicator at MEPC 82
The International Association of Dry Cargo Shipowners (INTERCARGO) has submitted proposals to the International Maritime Organization (IMO) calling for a review of the Carbon Intensity Indicator (CII) at the 82nd
Container trading and leasing rates stabilize in China amid high inventories in the US and approaching peak season
Container xChange, the global online marketplace for container trading and leasing, today released new data that provides insights into the latest container leasing rate trends from China to the U.S.
Ship Recycling Market Stagnant Last Week
The ship recycling market was largely unchanged versus the previous weeks, as challenges remained last week as well. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer
Capesize & Panamax Ballasters View Vs Baltic Rates
The decreasing trend in the number of Capesize ballasters in the South Atlantic reinforces the recent signs of a rebound in C3 market rates, as noted in our previous weekly
Chinese seaborne dry bulk imports up 6% despite economic challenges
“Between January and August 2024, Chinese seaborne dry bulk imports rose 6% y/y, defying concerns over China’s domestic demand, its real estate crisis and producer price deflation. A combination of